Precision Business Insights has published a report on the global external hard disk market, estimating its value at USD 5,211 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/external-hard-disk-market

The External Hard Disk Market refers to the global industry that manufactures, distributes, and sells portable data storage devices for storing, backing up, and transferring digital content. External hard drives are non-volatile storage devices that connect to computers and other digital systems via interfaces such as USB, Thunderbolt, or eSATA.

Drivers:

• Rising Data Generation: The exponential growth of digital content from personal devices, enterprise systems, and IoT applications is driving demand for high-capacity external storage.
• Growth in Media and Entertainment Industry: High-resolution video production, gaming, and photography require large, fast, and portable storage solutions, fueling market growth.

The global external hard disk market segmentation:

1) By Form Factor: 2.5-inch, 3.5 inch, and Others

2) By Application: Mobile, Consumer Desktop, Enterprise, Nearline, and Other Applications

3) By Capacity: Less than 1TB, 1-5TB, and Above 5TB

4) By Interface: USB 3.0, USB 2.0, Thunderbolt, and USB-C

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Regional Overview:
The report also examines the current concerns and their Future Effects on the external hard disk market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the external hard disk market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Western Digital Corporation, Seagate Technology LLC, Toshiba Corporation, Samsung Electronics Co., Ltd., Transcend Information, Inc., Buffalo Americas, Inc., Hitachi Ltd. (HGST), Apricorn Inc., Corsair Components, Inc., SanDisk Corporation (now part of Western Digital), Lenovo Group Limited

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